Financial Daily from THE HINDU group of publications
Wednesday, Aug 18, 2004
Financial Daily from THE HINDU group of publications Wednesday, Aug 18, 2004 |
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Money & Banking
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Private Banks Kotak Mahindra plans 75 more branches Our Bureau
Pune , Aug. 17 KOTAK Mahindra Bank is all set to expand its operations across the country and has firmed up plans to set up 75 branches in the next three years. The bank, set up in mid-2003, will leverage its expertise in the range of financial services to get an edge in the business, the Executive-Vice-Chairperson and Managing Director, Mr Uday Kotak, said here on Tuesday. The bank will open its branches in Jaipur and Kochi in September before commencing operations in Coimbatore in October, he added. "Our plans are to be present in 15-16 cities with full-fledged bank branches by the end of the year," Mr Kotak said. Addressing reporters at the launch of its first retail bank branch in Pune, Mr Kotak said the bank was in the process of setting up four branches in the semi-urban/rural areas.
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